North Carolina’s captive growth generates $23m for state in 2016

North Carolina’s captive growth generates $23m for state in 2016

North Carolina’s captive growth generates $23m for state in 2016

North Carolina’s captive insurance programme has seen considerable growth in the past year in terms of the economic impact on the state, according to the North Carolina Department of Insurance. The department recently completed a study of the 2016 economic impact of its North Carolina captive insurance company programme on the state. It estimated the impact to be $23m in…

Full steam ahead for Italy’s rimap certification initiative as Anra steps up

Full steam ahead for Italy’s rimap certification initiative as Anra steps up

Full steam ahead for Italy’s rimap certification initiative as Anra steps up

The Italian risk management community has embraced Ferma’s rimap risk management certification programme with open arms, and some 90 individuals have already passed Anra’s ALP (Anra Learning Path) diploma that offers simultaneous accreditation to rimap. Alessandro De Felice, president of Italian risk management association Anra and chief risk officer of global cables company Prysmian, told Commercial Risk Europe this week…

Calling all risk managers: share your insight in our Risk Frontiers Asia survey

Calling all risk managers: share your insight in our Risk Frontiers Asia survey

Calling all risk managers: share your insight in our Risk Frontiers Asia survey

Commercial Risk Asia is calling on all risk managers in the region to help us compile the industry’s most authoritative report on risk management, technology, insurance and innovation. The Risk Frontiers Asia survey, run in partnership with global insurer Generali and Parima, the region’s leading risk management association, is an annual study of the latest trends in risk and insurance…

Leading politician named in Indonesia corruption case

Leading politician named in Indonesia corruption case

Leading politician named in Indonesia corruption case

Indonesia House of Representatives Speaker Setya Novanto has been named as a key suspect in one of the biggest anti-graft investigations in Indonesian history. A commissioner for the Corruption Eradication Commission said Mr Novanto is suspected of colluding with Indonesian businessman Andi Agustinus (also known as Andi Narogong) in a plan to funnel funds earmarked for a national electronic identity…

FedEx confirms material losses and no insurance cover for Petya attack

FedEx confirms material losses and no insurance cover for Petya attack

FedEx confirms material losses and no insurance cover for Petya attack

Global delivery company FedEx said losses from last month’s ransomware attack that brought down systems at its TNT Express division are likely to be material to its 2017 financial results, and confirmed that the company does not have insurance to cover the costs. TNT Express, an international small-package delivery company that FedEx acquired in May last year, is still not…

International SOS launches employee tracker tool

International SOS launches employee tracker tool

International SOS launches employee tracker tool

Travel assistance company International SOS, together with Control Risks, has launched a new service that allows companies to track the location of employees travelling for work within one hour of a major incident, such as a terrorist attack. TravelTracker Incident Support automatically seeks communication via email, SMS and text-to-speech with employees travelling for work in the immediate aftermath of a…

Lights go on in Burundi thanks to solar project

Lights go on in Burundi thanks to solar project

Lights go on in Burundi thanks to solar project

A new project has just delivered street lighting to downtown Bujumbura, extending commercial hours and personal safety. The switch-on is part of a deal between the capital of Burundi’s Mayor Freddy Mbonimpa and Gigawatt Global, a founding member of US Power Africa’s Beyond the Grid programme. Solar-powered ‘light islands’ began appearing in the heavily-trafficked central bus station and nearby marketplace.…

Rwandan President calls for more intra-African trade

Rwandan President calls for more intra-African trade

Rwandan President calls for more intra-African trade

Rwandan President Paul Kagame has called for greater intra-African trade to help African economies out of economic difficulties. He suggested the problems facing many countries “should drive us to urgently increase trade with each other, invest more within our countries and regions, and build joint infrastructure, in order to better facilitate the movement of people and goods within Africa.” Speaking…

Risk management pay surveyed for first time

Risk management pay surveyed for first time

Risk management pay surveyed for first time

South African risk managers enjoy increasing pay packages, with benefits, according to a first ever survey by the Institute of Risk Management South Africa (IRMSA). IRMSA commissioned 21st Century to conduct a customised remuneration and benefits survey for its members (individuals and organisations) within the risk management industry. “This survey, the first of its kind in South Africa for the…

Chinese city pilots first ‘unhackable’ communication network

Chinese city pilots first ‘unhackable’ communication network

Chinese city pilots first ‘unhackable’ communication network

The city of Jinan in eastern China has successfully piloted an “unhackable” communications network using quantum communications technology, marking a possible milestone in the battle to protect critical infrastructure from the threat of cyber attacks. According to the Financial Times, the local government in Jinan will roll out the new network in August, possibly paving the way for widespread and…

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